# Question 39 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 39 Chapter 3 – Unimax Class 12 Part 1

39. On 1st April, 2020 A, B and C start a business in partnership. A puts in Rs. 30000 in first but withdraws Rs. 10000 at end of six months. B introduces Rs. 25000 at first and increases it to Rs. 55000 at end of four months but withdraws Rs. 10000 at end of eight months. C brings Rs. 25000 at first but increase it by Rs. 20000 at the end of seven months. During the year ended 31st March, 2021, they make a net profit of Rs. 36000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

## The solution of Question 39 Chapter 3 – Unimax Class 12 Part 1:

A’s Capital

 Capital (Rs.) Months for which the capital has been used in business Product (Rs.) 30000 6 180000 20000 6 120000 Total Capital 300000 B’s Capital 25000 4 100000 55000 4 220000 45000 4 180000 500000 C’s Capital 25000 7 175000 45000 5 400000

Capital Ratio of A, B & C A : B : C = 300000 : 500000 : 400000 = 3 : 5 : 4

Profit & Loss of Appropriation A/c For the year ended

 Particulars Rs. Particulars Rs. To Interest on Capital By Net Profit 36000 – A (3/12) 9000 – B (5/12) 15000 – C (4/12) 12000 36000 36000 36000

What is Partnership – Meaning and its Types

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)